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Royal Caribbean commences $1b private notes offering

Royal Caribbean Group, flush from raising its 2024 profit outlook, commenced a private offering of $1b senior unsecured notes due 2032.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

February 22, 2024

1 Min Read
Credit: Seatrade Cruise News

The company intends to use the proceeds, together with cash on hand and/or borrowings under its revolving credit facilities, to redeem all of the outstanding 11.625% senior notes due 2027.

The notes are being offered only to qualified institutional investors outside the US.

This follows Wednesday's increased adjusted full-year earnings per share guidance to a range of $9.90 to $10.10, up from the $9.50 to $9.70 forecast just three weeks ago.

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Royal Caribbean Group

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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